More about ICICI Lombard General Insurance Company Limited
Fundamentals for ICICI Lombard General Insurance Company Limited
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Fundamentals for ICICI Lombard General Insurance Company Limited
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Business Operations:
Sector: Financial ServicesIndustry: Insurance - Diversified
ICICI Lombard General Insurance Company Limited provides various general insurance products and services in India. The company primarily offers fire, marine, cargo, engineering, aviation, public/product liability, employee group, workmen's compensation, cyber, personal accident, and travel insurance solutions. It also provides credit, crop, cattle, weather, group and mass health, and motor, as well as home insurance solutions. In addition, the company offers underwriting and claims, customer relationship, technology, operations, finance and accounts, human resources, legal and compliance, actuarial, marketing, business analytics, administration, and fraud control, as well as reinsurance solutions. It serves its customers comprising individuals, corporates, state and central governments, government-owned enterprises, and rural customers, as well as micro, small, and medium enterprises through agents, brokers, bancassurance, tele-sales, direct alliances, motor insurance service providers, and online platforms. The company was incorporated in 2000 and is based in Mumbai, India. ICICI Lombard General Insurance Company Limited operates as a subsidiary of ICICI Bank Limited.
Revenue projections:
Revenues for ICICI Lombard General Insurance Company Limited are expected to drop compared to the previous year, which could be a cause for concern for investors. A decline in earnings may negatively impact the company's profitability, leading cautious investors to reconsider their positions, as it often signals challenges in overall financial health.
Financial Ratios:
| currentRatio | 0.27900 |
|---|---|
| forwardPE | 25.11708 |
| debtToEquity | 0.00000 |
| earningsGrowth | 0.06700 |
| revenueGrowth | 0.12200 |
| grossMargins | 0.24784 |
| operatingMargins | 0.10134 |
| trailingEps | 55.26000 |
| forwardEps | 74.06514 |
ICICIGI's current ratio is 0.279, meaning its cash reserves and assets may not be enough to meet short-term debt obligations. This raises concerns about the company's liquidity and its ability to cover immediate financial commitments without additional financing.
ICICIGI's Forward PE ratio suggests that the stock is priced appropriately in relation to its earnings. Not being overpriced, it offers room for growth, signaling potential upside for investors looking for a stock with reasonable valuation and growth potential.
ICICIGI's forward EPS is higher than its trailing EPS, suggesting the company is expected to see an increase in profitability this year. This points to positive growth, indicating that ICICIGI is projected to improve its financial performance compared to the previous year.
Price projections:
The stock price of ICICI Lombard General Insurance Company Limited has frequently been close to the lower end of analysts' projections. This trend indicates potential struggles for the company in achieving the growth anticipated by the market.
Insider Transactions:
6 separate sales of ICICI Lombard General Insurance Company Limited shares were executed, with the market price hovering at 1840.1749877929688.No sell transactions took place in the period under consideration.The higher volume of buys compared to sells near current ICICI Lombard General Insurance Company Limited price levels may suggest optimism among investors. This could point to a favorable market outlook, as more people are willing to invest at these prices, anticipating potential future growth or strong performance.
Recommendation changes over time:
A recent buy bias from analysts toward ICICIGI indicates strong confidence in the stock's future performance. This could encourage investors to park their money in ICICIGI, viewing it as a stable and potentially rewarding investment opportunity with promising long-term growth prospects.
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